Bitcoin Depot'southward cryptocurrency ATM network continues to aggrandize, with N American installations surpassing 5,000 for the first time amid a surge in retail adoption.

With the milestone, Bitcoin Depot is once again the largest ATM network in Northward America, the visitor announced Th. The number of kiosks has tripled in the last half-dozen months, giving more than users access to cryptocurrency transactions without requiring a banking concern or other third-party fiscal services provider.

Bitcoin Depot's partnership with Circle K convenience stores has been a major source of growth for their crypto kiosks. As Cointelegraph reported, the ii companies appear in July that the convenience store chain will be dwelling house to thousands of Bitcoin ATM machines.

The growth of crypto kiosks is viewed by many as a proxy for the retail adoption of Bitcoin (BTC) and other digital assets. Crypto ATM installations have surged in El Salvador, where Bitcoin recently became legal tender, giving people an easier way to transact in BTC or convert it to fiat.

Salvadorans are too making use of their regime-backed Chivo cryptocurrency wallet. According to President Nayib Bukele, more than than a tertiary of the country'due south residents are "actively" using Chivo.

Related: El Salvador ranks third in global Bitcoin ATM installations, data finds

Nevertheless, the growth of Bitcoin ATMs isn't without adventure. Kraken Security Labs, the security outfit of the popular cryptocurrency exchange, warned earlier this week that a "big number" of Bitcoin ATMs are susceptible to being hacked because administrators never changed the default admin QR code. The security squad said that if hackers are able to obtain the admin code, they can substantially "walk up to an ATM and compromise it."